Court Extends Student Loan Forgiveness Deadline In Settlement Dispute
Following a judge’s ruling last week, the Biden administration now has several more months to implement student loan forgiveness under a landmark settlement agreement.
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Following a judge’s ruling last week, the Biden administration now has several more months to implement student loan forgiveness under a landmark settlement agreement.
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Biden administration has already used the new rules to forgive $130 million in student loans for 7,400 borrowers from a for-profit Colorado college. Additional loan discharges will be on hold until a court weighs the rule’s legality. A federal appeals court has blocked the latest version of U.S. Education Department rules that allow borrowers to apply for relief from their student debt if their college or university misled them or violated certain state laws.
Key House Democratic leaders are calling again on the Education Department to withdraw 2011 guidance that allowed for revenue-sharing agreements between online program managers and institutions of higher education.